Joel Mokyr, Philippe Aghion, and Peter Howitt won the 2025 Nobel Prize in Economics for their work on innovation-driven economic growth. Innovation spurs technological advancements that improve human flourishing and quality of life. It is also essential for a cleaner environment. As we remind policymakers in the U.S. and abroad, free economies are clean economies.
With the escalation of climate risks and surging insurance rates, local governments worldwide face an urgent financial reality. Cities that fail to adapt face economic erosion, declining tax bases, and increased exposure to disasters. A new report from Resilient Cities Network and Tokio Marine Group, “Under Pressure, Overdue: The Portfolio Approach and Financing Cities for Resilience”,...
Google announced the first phase of a $4-billion data center project in West Memphis, Arkansas, an initiative that state officials have called one of the largest economic investments in state history. The facility, located near the Arkansas-Tennessee state line, will be powered by Entergy using solar power and existing generation in the area. Speakers at...
After years of failed attempts, California lawmakers have cleared the way to create an electricity-trading market that would stretch across the U.S. West. Advocates say that could cut the region’s power costs by billions of dollars and support the growth of renewable energy. But opponents say it may make the state’s climate and clean-energy policies...
Oil prices rose on Tuesday as markets weighed a potential disruption of supplies from Russia due to Ukrainian drone attacks on its ports and refineries as well as the prospect of a U.S. central bank interest rate cut. Brent crude futures were up 67 cents, or 1%, to $68.11 a barrel at 1318 GMT, while...
Battle lines are emerging on Capitol Hill in the fight to avert a government shutdown in three weeks — and it’s not just Republicans vs. Democrats. On one side, fiscal hawks are joining with the White House to keep federal agencies running on static funding levels, ideally into January or longer. On the other, Democrats...
Energy Secretary Chris Wright said Tuesday that rising electricity prices are what he “worries about most” as Americans face high power bills. “It’s what I worry about most — seven days a week. We want to stop the rise in electricity for Americans and reshore jobs and opportunity here,” Wright said in an interview on the Fox Business...
Dive Brief: Read more in Utility Dive here.
Power demand is surging. New data centers, factories and the electrification of the economy propel a thirst for electricity not seen in decades. Markets are responding but state and local governments have largely been caught off guard. The state blueprint for power demand largely boils down to three approaches: reducing permitting and siting barriers, unleashing...
The biggest winner from AI — at least aside from the tech industry — might surprise you. Of all the industries jockeying to capitalize on the rise in artificial intelligence, the electric power sector is practically salivating. AI is power-hungry and its tech boosters are ready to spend. But it may not be so easy...
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